Billionaire investor Carl Icahn wants to engineer a sale of biotechnology company Amylin Pharmaceuticals Inc to its diabetes partner Eli Lilly and Co , according to Amylin.
A plan for the restructuring of MGM Mirage , suggested by investor Carl Icahn, would involve swapping debt for equity and be done in concert with Kirk Kerkorian, MGM's majority shareholder, a source familiar with the situation said on Friday.
The two companies are talking again, with less contention
Activist investor Carl Icahn and private equity fund Oaktree Capital Management have amassed hundreds of millions of dollars of MGM Mirage bonds and have told the troubled casino firm it should quickly overhaul its massive debts in bankruptcy, the Wall Street Journal reported, citing people familiar with the matter.
Billionaire investor Carl Icahn said he has not spoken recently with Lions Gate Entertainment Corp , which on Thursday warned a change in control of the company could cause a debt default for the studio that has become a focus of Icahn's hostile overtures.
Billionaire investor Carl Icahn said he has not recently spoken with Lions Gate Entertainment Corp , which on Thursday warned that a change in control of the company could cause a debt default.
Former Time Warner Inc chairman and chief Executive Richard Parsons will step down from the board by its next annual general meeting, according to a regulatory filing on Monday.
Lions Gate Entertainment Corp has hired an advisory team including investment bank Morgan Stanley and the law firm Wachtell, Lipton, Rosen and Katz to launch a defense against financier Carl Icahn, according to two people with knowledge of the situation.
Activist investor Carl Icahn said he has no plans to push for a sale of Lions Gate Entertainment Inc in the current environment, but criticized the Hollywood studio's expenses for being too high and called its purchase of TV Guide reckless.
Activist investor Carl Icahn said he has no plans to push for a sale of Lions Gate Entertainment Inc in the current environment, but criticized the Hollywood studio's expenses for being too high and called its purchase of TV Guide reckless.
Activist investor Carl Icahn said he has no plans to push for a sale of Lions Gate Entertainment Inc, but criticized the Hollywood studio's expenses for being to high and called its purchase of TV Guide reckless.
Top U.S. movie rental chain Blockbuster has enlisted lawyers to help it raise capital and refinance debt, but stressed on Tuesday it has no plans to file for bankruptcy.
Billionaire activist investor Carl Icahn says he will seek to oust Yahoo chief executive Jerry Yang if he successfully gains control of yahoo's board of directors, according to the Wall Street Journal.
Technology shares gained ground on Thursday after Carl Icahn proposed to change the board of Internet giant Yahoo, saying the firm had completely botched negotiations with Microsoft.
It is clear to me that the board of directors of Yahoo has acted irrationally and lost the faith of shareholders and Microsoft. It is quite obvious that Microsoft's bid of $33 per share is a superior alternative to Yahoo's prospects on a standalone basis. I am perplexed by the board's actions.
Technology stocks advanced on Wednesday but lost earlier gains after a late session sell-off.
Billionaire investor Carl Icahn reportedly has decided to move ahead with plans to run a dissident board slate at Yahoo Inc in an attempt to pressure the company into restarting negotiations with Microsoft Corp.
Technology stocks rose slightly on Tuesday on as Hewlett-Packard shares sank after announcing it would acquire EDS and a report that activist investor Car Icahn is mulling a proxy fight for making changes to the board of directors at Yahoo.
Billionaire investor Carl Icahn has bought as much as 3.6 percent of Yahoo and is considering mounting a proxy fight for the Internet portal, according to people who have spoken with him, CNBC reports.
Circuit City Stores Inc. said Friday that it has hired Goldman Sachs & Co. to help the company in exploring strategic alternatives and said it will allow video-rental chain Blockbuster Inc. and its largest shareholder, Carl Icahn, to review its books.
Following a two-month review of its business model, Motorola Inc announced plans this week to spin off its struggling mobile phone business to create two separate publicly traded companies in 2009.
Motorola's declining fortunes are sending shock waves through the wireless industry